Word: roebuckers
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...from U.S. business are now forming conservative but nonpartisan Americans for Constitutional Action to endorse pro-business candidates. Headed by Admiral Ben Moreell, who retires this week as chairman of Jones & Laughlin Steel Corp., ACA counts among its trustees Armstrong Cork Co. Chairman Henning W. Prentis Jr.; former Sears, Roebuck & Co. Chairman General Robert Wood; McGraw-Edison Co. Chairman (and former New Jersey Democratic Governor) Charles Edison. In Los Angeles County, Republicans have recruited 120 companies to send in names of young executives who want to work for the party; the G.O.P. teaches them practical politics, gives them precinct assignments...
...SEARS, ROEBUCK will go into health and accident insurance. Fast-growing Allstate Insurance Co. will start selling policies in Southwest this week, will offer them nationwide by October...
...Sears, Roebuck & Co. last week announced plans to sell a $350 million bond issue, the largest industrial bond offering in U.S. history. But before signing a contract with its underwriters, Sears said it wanted to take a careful look at conditions in the bond market. What particularly alarmed Sears and other prospective corporate-bond issuers was the situation in U.S. bonds. After a year-long rise, Government bonds were going through the fastest, worst shakedown in postwar history, causing dealers to employ such expressions as ''chaos," "rout" and "panic...
...fast becoming a pillar of strength, buying and consuming with rare power to pick up the slack from other social groups. To many a businessman, the strongest market of 1958 is the farm market-the equivalent of discovering a rich, import-hungry foreign country. In Bloomington, Ill. Sears, Roebuck reports that its trucks go out loaded with freezers, ranges and refrigerators; on R.D.S. routes freezer sales alone are running 50% ahead of last year. Nor are appliances the only things that farmers want. With cash in his jeans, the U.S. farmer is turning into such a smart dresser that store...
...refrigerator, washer, dishwasher for fewer actual dollars than you could ten years ago-and that's including inflation." There has been some trimming in other areas. Retailers with excess stocks of room air-conditioners cut prices on older models as much as 25% ; Sears, Roebuck and Co. cut its power tools as much as 30%; cotton mills chopped 5% from their prices; and Firestone Tire & Rubber Co. reduced prices on their major line of tube-type tires...